In an announcement released this morning, Rigtside said its Board of Directors has rejected the unsolicited proposal from Donuts Inc. to acquire Rightside's entire registry of generic top-level domains (gTLDs) and related assets for $70 million in an all-cash deal.
Read More"Activist investor J Carlo Cannell and Uniregistry CEO Frank Schilling, both of whom own small but significant chunks of Rightside, have called on the company to get rid of some of its under-performers. By announcing the offer publicly — apparently after months of private offers — Donuts might have been trying to capitalize on this unrest."..
